Ideas for 2010/2011

[fdjake]

No personal grudges here either...

I not only respect HOW you grew your business, I also appreciate you taking the time to share the story..

I enjoy "banging heads" every once in a while...I LEARN THINGS from doing it.

If I hadn't questioned you on this topic I would have never LEARNED what I now know about you and your business.

Thanks for sharing!!

[allagash]

Gold River,

nice post....reminds me of Sam Walton's autobiography.

your bias aside, where do you see spot gold going from here.....it's had that general ceiling of $1250 for what....6 months now?

I've been reading about a lot of manipulation to keep the  price from escalating beyond the current level.

when you strip away everything else.....it seems to me that it's price has  a direct correlation with the US economy's state of affairs......and how do you reverse course on that kind of debt load?  I mean....you can only hold back the floodgates for so long....

looked at another way....do you plan to hold your gold mines.....or cash out....in what some consider to be a bubble mania?

-Mike

[Sean_L]

Thanks for sharing GR...

[rookieNYC]

I often post how it takes money to make money and Im sticking to that..It just dawned on me how difficult this environment must be for newbies to get started who have little to no capital..Just about every deal I have done in the last 24 months has required capital (on the funding or buy side)..The threads that were titled NO MONEY DOWN etc have vanished,and for good reason..Im sure there are people out there finding deals and convincing investors to lend on ARV etc and capturing the difference etc but good luck doing that in todays market..For every one person doing it and getting it done there are 100's failing at it...I dont know the point of my post other than spewing some thoughts..I firmly believe that real estate actually will work better with only people with *real* capital involved..I know there are 203k loans and in certain areas there are various programs that allow little to no money down..This is just another problem waiting to happen..Lending money to or doing business with people with no collateral or *real* capital involved is a problem...Think about if your broke friend asked you for a loan that you know he could never pay back, would you give it to him? Ofcourse not unless you are a compassionate sucker...Now change it around...He approaches you and says listen here is my car & title (free and clear) worth $5000...I need a $2500 loan at %x for X months...Ofcourse you would do it...Where is the risk?..There is none..Sorry for babbling..